Oil Dips Below 60 as Surplus Fears Trump Supply Shocks - Your Daily Crude Check-In
Impossibile aggiungere al carrello
Puoi avere soltanto 50 titoli nel carrello per il checkout.
Riprova più tardi
Riprova più tardi
Rimozione dalla Lista desideri non riuscita.
Riprova più tardi
Non è stato possibile aggiungere il titolo alla Libreria
Per favore riprova
Non è stato possibile seguire il Podcast
Per favore riprova
Esecuzione del comando Non seguire più non riuscita
Oil Dips Below 60 as Surplus Fears Trump Supply Shocks - Your Daily Crude Check-In
-
Letto da:
-
Di:
A proposito di questo titolo
This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Crude Oil Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on crude oil prices, what's driving the market, and some smart tips to help you navigate this volatile world.
Right now, WTI crude oil is trading around 59.51 to 60.38 dollars per barrel, according to Trading Economics, after slipping below 60 earlier today amid some selling pressure. That's a slight uptick from yesterday but still down over 20 percent from a year ago, even with a nice 4 percent monthly gain. Brent is holding steady near 65 dollars.
What's behind this dip? Traders are worried about rising US inventories for crude and gasoline, as forecasts from the Energy Information Administration suggest builds ahead. Geopolitical tensions are mixing things up too, with President Trump doubling down on tariffs for Europe and his Greenland plans, plus US actions against Venezuela oil tankers and unrest in Iran. On the supply side, Kazakhstan halted output at major fields like Tengiz due to power issues, which could last up to 10 days, but it's not enough to counter the bigger surplus picture. The IEA warns of a massive global oil surplus in 2026, with supply surging 2.5 million barrels per day to over 108 million, outpacing demand growth.
Technically, FX Empire notes oil is bouncing off support near the 50-day moving average, potentially range-bound between 58 and 62 dollars for WTI, with room to climb if it breaks higher.
For you listeners, here's your takeaway: If you're trading or hedging, watch those inventory reports this week and key levels at 58.80 support or 62.60 resistance. Consider diversifying into energy ETFs for stability amid oversupply fears, and stay alert for OPEC+ moves, as they're pausing hikes to manage this.
Thanks for joining me today, pals. Subscribe, tune in tomorrow for more crude oil price tracker updates, and take care.
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
Ancora nessuna recensione